This growth exceeds that achieved in any of the years between and It occurs as many economies have reached or are nearing full employment and as earlier deflationary fears have dissipated. Thus, policymakers still have an excellent opportunity to build resilience and implement growth-enhancing reforms. Considering developments since then, however, that number appears over-optimistic:
Causes, Consequences, and Policy Responses provides a comprehensive overview of research into financial crises and policy lessons learned. The book covers a wide range of crises, including banking, balance of payments, and sovereign debt crises.
It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on crisis prevention and management, as well as the short-term economic effects of crises, recessions, and recoveries are discussed.
The medium-term effects of financial crises on economic growth, as well as policy measures to prevent booms, mitigate busts, and avoid crises are analyzed.
Finally, policy measures for mitigating the adverse impact of crises and ways to restructure banks, households, and sovereigns are presented. The collection of research in this book provides an excellent overview of critical policy areas, with valuable lessons on how countries can better monitor their economies and financial systems.
To read the excerpt in PDF format, click here.Global growth is projected to reach percent in and , in line with the forecast of the April World Economic Outlook (WEO), but the expansion is becoming less . The global financial crisis and the ensuing Great Recession raised concerns about adjustment fatigue, deflation, currency wars, and secular stagnation that presented a sense of déjà vu: similar concerns had arisen at the time of the Great Depression and at the end of World War II.
Jun 08, · Stock markets are flying high and the global economy has been humming along. But for how much longer? UK's Economic Outlook in Six Charts.
Growth in the United Kingdom has moderated since the Brexit referendum. An exit from the European Union without an agreement is the most significant risk to the outlook, the IMF said in its latest annual assessment of the economy. An overview of the causes and consequences of the global financial crisis that hit the world in , last updated September 30, The Hudson Report is a weekly series produced by Left Out with the legendary economist Michael Hudson.
Every episode we cover an economic or political issue that is either being ignored—or hotly.